Low hourly wages and lack of collective bargaining autonomy: Italian Prime Minister Meloni rejects the state minimum wage

Low hourly wages and lack of collective bargaining autonomy: Italian Prime Minister Meloni rejects the state minimum wage

According to a report by www.faz.net, Italian Prime Minister Giorgia Meloni has rejected the introduction of a state minimum wage. This is causing criticism from trade unions and left-wing parties, who are announcing demonstrations and strikes. Meloni has also cut welfare benefits, leading to further discontent. Despite these controversial decisions, she continues to enjoy strong support in the polls.

As a financial expert, one can assume that the rejection of a national minimum wage will have an impact on the labor market and income distribution. Low wages could lead to workers having difficulty making a living. This can lead to social tensions and influence consumer behavior as low-income people have less money to spend.

Cutting welfare is likely to lead to more people living in poverty and relying on government support. This puts an additional burden on the state budget and could lead to further inequality.

It is possible that the announced demonstrations and strikes will lead to economic disruption, particularly in areas such as public transport and manufacturing. This can lead to production losses and economic losses for companies.

Overall, it is clear that Giorgia Meloni's political decisions provoke controversial reactions in Italy's economy and society. It remains to be seen how these developments will affect the market and the financial industry.

Source: According to a report by www.faz.net